×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

Global Sources reports higher earnings, revenue

Published on .

Most Popular
New York--Hong Kong-based Global Sources, a b-to-b media company that operates import/export online portals, reported Wednesday that its net income in the first quarter nearly doubled to $2.6 million compared with the first quarter of 2003.

Operating income grew 106% to $3.1 million compared with last year's first quarter. Revenue increased 9% to $23.7 million. Revenue from China increased 19% to $10.3 million and now accounts for 44% of Global Sources' total revenue.

“Our 2004 guidance calls for revenue growth of approximately 19%, and we expect China to represent approximately 50% of total revenue,” Eddie Heng, Global Sources’ CFO, said in a statement.

--Sean Callahan

In this article: